Clarius Group LLC Has $1.67 Million Holdings in Emerson Electric Co. $EMR

Clarius Group LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,537 shares of the industrial products company’s stock after acquiring an additional 900 shares during the period. Clarius Group LLC’s holdings in Emerson Electric were worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Impact Capital Partners LLC grew its position in Emerson Electric by 3.9% in the second quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 71 shares in the last quarter. Dominguez Wealth Management Solutions Inc. lifted its stake in Emerson Electric by 0.4% in the second quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company’s stock valued at $3,007,000 after acquiring an additional 84 shares during the last quarter. Opal Wealth Advisors LLC lifted its stake in Emerson Electric by 14.1% in the second quarter. Opal Wealth Advisors LLC now owns 686 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 85 shares during the last quarter. Hohimer Wealth Management LLC lifted its stake in Emerson Electric by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company’s stock valued at $3,066,000 after acquiring an additional 95 shares during the last quarter. Finally, Mechanics Financial Corp lifted its stake in Emerson Electric by 1.1% in the second quarter. Mechanics Financial Corp now owns 8,362 shares of the industrial products company’s stock valued at $1,115,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR opened at $134.79 on Friday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The firm has a 50-day moving average of $134.13 and a 200-day moving average of $124.64. The stock has a market cap of $75.86 billion, a PE ratio of 28.99, a P/E/G ratio of 2.37 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The business’s revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric’s payout ratio is 45.38%.

Wall Street Analyst Weigh In

A number of analysts have commented on EMR shares. Wells Fargo & Company increased their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Citigroup increased their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Daiwa Capital Markets increased their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research note on Saturday, September 27th. Finally, Stephens raised their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $144.88.

Emerson Electric Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.